Master in Business Administration (MBA)

HOU > Master in Business Administration (MBA)

Aim - Description

Learning Outcomes

Admission requirements

Structure

Teaching Staff

Financial Contribution

Contact

This Master’s Degree Course aims at helping individuals develop the necessary skills and knowledge in order to become effective managers in businesses and organizations.

It aims at developing students ability to evaluate and analyse external and internal data and strategic decision-making in any business environment.

Upon completion of this Course students will:

have developed a wide range of administrative abilities and operational techniques
have increased their confidence in evaluating and analysing complex business matters and decision making
have developed cooperative problem solving skills and will be able to enables students to communicate orally and in writing as managers with potential colleagues
offer creative and strategic thinking
have the ability to work under pressure to tight deadlines
have the ability to undertake independent applied research and submit a research thesis
have developed sensitivity to different cultures, ability to work in international teams.

QUALITY POLICY *
QUALITY INDICATORS *

*The above files are currently available in Greek.

Learning outcomes

On successful completion of the MBA course students will be able to:

Understand the global economy and analyze the ever changing international economic environment that surrounds modern business.
Employ a modern economic framework for analyzing a variety of problems that managers face in today’s business environment.
Understand the operational environment of the European Union and analyze how various organizations operate within it.
Understand the theory and techniques of financial accounting and evaluate the present financial position of firms.
Understand the time value of money concept, capital budgeting and the cost of capital.
Understand the main issues concerning the management of investments and modern portfolio theory.
Use quantitative methods in business problems and analyze them with economic and business models.
Employ analytic methods that managers use in a wide variety of decision situations.
Understand the nature of complex organizations and the basic functions of management.
Develop the necessary skills to manage people effectively within an organizational context and develop an understanding of organizational effectiveness.
Analyze and manage the organizations’ markets in order to pursue a competitive advantage.
Emphasize the strategic and coordinating role of a management executive.
Make use and combine methodologies and tools for shaping, implementing and evaluating strategic plans.

Overview of the Programme

Classification according to UNESCO’s ISCED-2011

Based on the level of Education: 7
Based on the field of Education: 34 Business Administration

Classification according to UNESCO’s ISCED-2013

Based on the field of Education: 0413 – Management and Administration

ECTS Credit Points

120 ECTS

Duration of Study

The minimum duration of the programme is two (2) years.

Language

The programme is offered in English.

The Post-graduate programme accepts graduates or higher institution diplomas of related disciplines holding a B2 certification in the English language. The programme is offered in English.

The knowledge of an extra foreign language except the language of the programme and good computer-Internet skills would be useful for the successful participation in the programme.

Due to the multidisciplinary nature of the course, it can be implemented under the exclusive academic responsibility of the MBA fast track foundation course, in order (for new students) to acquire basic knowledge on quantitative methods and economics. This preparatory course has an aiding/ supportive content; it will be implemented prior to the beginning of the academic year and attendance will be optional, while its financial contribution will be borne by the students (*). The preparatory subjects of this course will have a duration of 1-2 four-hour meetings for economics subjects (relevant MBA50 Module) and will focus on the basic concepts of economics, while for quantitative subjects (relevant MBA60 Module) they will have a duration of 2-3 four-hour meetings and will focus, apart from the basic concepts, on the use of spss.

(*) The financial contribution for admitted students until the academic year 2023-2024 is equal to 25% of the cost of a single course module. For students commencing from the academic year 2024-2025 is €300 for each foundation course.

Note:

Holders of a degree or diploma of higher education means graduates of Greek Universities or Polytechnics or Higher School of Fine Arts or Higher School of Pedagogical and Technological Education or Higher Technological Educational Institutions (ATEI) or those who hold academically equivalent first cycle degrees from recognized foreign educational institutions with the degrees awarded by the Greek Higher Educational Institutions, in accordance with the provisions of article 304 of Law No. 4957/2022 (Government Gazette 141/21.07.2022, vol.)

Marking:

For the evaluation of the application to the Postgraduate Studies Programme, it will be examined whether the candidate’s institution of study is or may be included in the National Register of Recognised Higher Education Institutions of Foreign Countries and whether the candidate’s degree is or may be included in the National Register of Types of Degrees of Recognised Institutions of Foreign Countries.

The Hellenic Open University, if the degree is included in the list of article 307 of Law No. 4957/2022, must request a “Certificate of Place of Study”, which is issued and sent by the foreign university. If the place of study or part of the studies is confirmed as the Greek territory, the degree is not recognized, unless the part of the studies that took place in the Greek territory is in a public higher education institution or in a recognized foreign educational institution within the meaning of paragraph b) of article 299 of Law No. 4957/2022.

Certification of English language competency at level B2

English competency (level B2) is proven according to article 10, Presidential Decree 85/2022 “Determination of qualifications for appointment in the public sector (Qualification-Department)” (Α΄ 232), in combination with Part C΄ and namely “LANGUAGE CERTIFICATES ” of no. 20/01.02.2023 “Amendment of no. 94/20.6.2022 of the decision of the SUPREME COUNCIL FOR CIVIL PERSONNEL SELECTION (ASEP)”Procedure for determining the fixed parts of the content of staff selection announcements based on predetermined and objective criteria (Articles 28 – 30 of Law 4765/2021 ) (B’ 3614)” (B’ 594) with language proficiency certificates.

Language Certificates

The table below shows the language certificates -level (B2) of English Competency that are accepted as well as the issuing body.

Certification of English competency at level B2 can be proved as follows:

AIM Awards Level 1 Certificate in ESOL International (B2) (Listening, Reading, Writing, Speaking)
AIM Qualifications Level 1 Certificate in ESOL International (B2) (Anglia Advanced) (Listening, Reading, Writing, Speaking)
Ascentis Level 1 Certificate in ESOL International (CEF B2)
Assessment Board for Language Examinations: Level B2 (ABLE B2) Hellenic American University (Nashua, New Hampshire, USA)
BULATS English Language Test, overall score 60-74, CAMBRIDGE UNIVERSITY or CAMBRIDGE ASSESSMENT ENGLISH (For certificates issued by 19.11.2019)
BUSINESS ENGLISH CERTIFICATE – VANTAGE (BEC VANTAGE) University of Cambridge Local Examinations Syndicate (UCLES) or CAMBRIDGE ASSESSMENT ENGLISH
BUSINESS ENGLISH CERTIFICATE PRELIMINARY CAMBRIDGE ASSESSMENT ENGLISH overall score 160-170
BUSINESS ENGLISH CERTIFICATE VANTAGE CAMBRIDGE ASSESSMENT ENGLISH overall score 160-179
CERTIFICATE IN ADVANCED ENGLISH CAMBRIDGE ASSESSMENT ENGLISH overall score 160-179
FIRST CERTIFICATE IN ENGLISH CAMBRIDGE UNIVERSITY or CAMBRIDGE ASSESSMENT ENGLISH
FIRST CERTIFICATE IN ENGLISH CAMBRIDGE ASSESSMENT ENGLISH overall score 160-179
CERTIFICATE IN INTEGRATED SKILLS IN ENGLISH ISE II TRINITY COLLEGE LONDON
CITY & GUILDS LEVEL 1 CERTIFICATE IN ESOL INTERNATIONAL (reading, writing and listening) – COMMUNICATOR – and CITY & GUILDS LEVEL 1 CERTIFICATE IN ESOL INTERNATIONAL (Spoken) – COMMUNICATOR – (They are cumulatively submitted to demonstrate good language proficiency)
CITY & GUILDS CERTIFICATE IN INTERNATIONAL ESOL – COMMUNICATOR – and CITY & GUILDS CERTIFICATE IN INTERNATIONAL SPOKEN ESOL – COMMUNICATOR – (They are cumulatively submitted to demonstrate good language proficiency)
(ECCE)- CERTIFICATE OF COMPETENCY IN ENGLISH MICHIGAN UNIVERSITY (ENGLISH LANGUAGE INSTITUTE or Cambridge Michigan Language Assessments – CaMLA or Michigan Language Assessment)
EDI Level 1 Certificate in ESOL International JETSET Level 5 (CEF B2)
ESB Level 1 Certificate in ESOL International All Modes (Council of Europe Level B2)
INTERNATIONAL ENGLISH LANGUAGE TESTING SYSTEM (IELTS) from University of Cambridge Local Examinations Syndicate (UCLES) or CAMBRIDGE ASSESSMENT ENGLISH – The British Council – IDP Education Australia IELTS Australia (with score 5,5- 6,5)
GA Level 1 Certificate in ESOL International – CEFR: B2
GA Level 1 Certificate in ESOL International (Classic B2)
B2- LanguageCert Level 1 Certificate in ESOL International (Listening, Reading, Writing) (Communicator B2) and Β2– LanguageCert Level 1 Certificate in ESOL International (Speaking) (Communicator B2) (They are cumulatively submitted to demonstrate good language proficiency)
LanguageCert Test of English (LTE) – LanguageCert Level 1 Certificate in ESOL International (Listening, Reading) (LanguageCert Test of English B2)
LONDON TESTS OF ENGLISH LEVEL 3 – UPPER INTERMEDIATE COMMUNICATION- EDEXCEL
EDEXCEL LEVEL I CERTIFICATE IN ESOL INTERNATIONAL (CEF B2)
LRN Level 1 Certificate in ESOL International (CEF B2)
ΜΕΤ – MICHIGAN ENGLISH TEST (Listening, Reading, Speaking) score from 157 -189 from Michigan Language Assessment or CAMBRIDGE MICHIGAN LANGUAGE ASSESSMENTS-CaMLA
ΜΕΤ – MICHIGAN ENGLISH TEST (Listening, Reading ή Listening, Reading, Speaking, Writing) score from 53- 63 του Michigan Language Assessment
MICHIGAN ENGLISH LANGUAGE ASSESSMENT BATTERY (MELAB) score 80-90, CAMBRIDGE MICHIGAN LANGUAGE ASSESSMENTS or MICHIGAN LANGUAGE ASSESSMENT
Michigan State University – Certificate of English Language Competency (MSU – CELC): CEF B2
NOCN Level 1 Certificate in ESOL International (B2)
NYLC –NEW YORK LANGUAGE CENTER CERTIFICATE Level B2
OCNLR Level 1 Certificate in ESOL International (CEFR B2)
OCNW Certificate in ESOL International at Level 1 (Common European Framework equivalent level B2) (by 31/8/2009)
Open College Network West Midlands Level 1 Certificate in ESOL International (CEFR B2)
PEARSON EDI Level 1 Certificate in ESOL International (CEF B2)
PEARSON LCCI LEVEL 1 CERTIFICATE IN ESOL INTERNATIONAL (CEFR B2)
PEARSON TEST OF ENGLISH GENERAL LEVEL 3 UPPER- INTERMEDIATE COMMUNICATION – EDEXCEL
PEARSON EDEXCEL LEVEL I CERTIFICATE IN ESOL INTERNATIONAL (CEF B2) (ENGLISH INTERNATIONAL CERTIFICATE)
PEARSON LCCI EFB LEVEL 3 (Units: Reading, Writing, Listening, Speaking, in case one of those is graded as “Pass”)
PEARSON LCCI EFB LEVEL 2 (Units: Reading, Writing, Listening, Speaking, “Distinction” or “Credit”)
PRELIMINARY ENGLISH TEST, CAMBRIDGE ASSESSMENT ENGLISH overall score 160-170
TEST OF ENGLISH FOR INTERNATIONAL COMMUNICATION (TOEIC) EDUCATIONAL TESTING SERVICE/ CHAUNCEY, USA, score 505 – 780
Test of Interactive English, B2 Level (ACELS)
Test of Interactive English, Β2 Level (Gatehouse Awards)
Test of Interactive English, B2 + Level (ACELS)
VTCT (ITEC) Level 1 Certificate in ESOL International (B2)
National Foreign Language Exam System (KPG) equivalent level of Law 2740/1999, as replaced by paragraph 19, Article 13, of Law 3149/2003.

English competency (level B2) is also proven with certificates of other institutions (not limited to universities) of an equivalent level, irrespective of their legal form, provided they are certified or recognized by the competent authority of the country concerned for conducting examinations and issuing certificates of proficiency in English at the appropriate level. These certificates must be accompanied by a proof document from the issuing body that both the issuing body and the language certificate competency are certified by the competent national authority and also and that the certification also concerns the evaluation of basic communication skills (written language production, oral language production, written language comprehension and oral language comprehension).

If there is no certification or recognition body in the country concerned, a certificate from the relevant Ministry or Embassy of Greece is required, confirming that the certificates issued by the above bodies to third parties for whom English is not a native language are accepted in public services of that country as valid evidence of English at the appropriate level according to the Common European Framework of Reference for Languages (CEFR). The competent regulatory authority for Great Britain is the Office of Qualifications and Examinations Regulation (Ofqual).

General notes:

Advanced level foreign language certificates also prove knowledge of a lower (required) level of the foreign language.
Foreign Language Teaching Certification does not prove the competence in a foreign language. In order to prove their competence in the foreign language, candidates who hold the relevant certification must provide the foreign language certificates as provided for in this Annex where applicable
All foreign language degrees must be accompanied by their official translation into the Greek language, except the above English language proficiency certificates, which are accepted without requiring any translation and validation.

The “Master in Business Administration” is structured in two (2) academic years, which include four (4) Modules and Dissertation for the award of the Master’s Degree, the successful completion of four Modules and the successful completion of the Dissertation is mandatory. The total number of credits (ECTS) required is 120 ECTS.

1st Year

MBA50 Economics for Managers	(C¹, 20 ECTS)
MBA60 Advanced Quantitative Methods for Managers	(C, 20 ECTS)
MBA51 Financial Management & Accounting	(C, 20 ECTS)
MBA61 Management of People & Organisations	(C, 20 ECTS)

2nd Year

MBA51 Financial Management & Accounting	(C, 20 ECTS)
MBA61 Management of People & Organisations	(C, 20 ECTS)
MBADE Postgraduate Dissertation	(C, 40 ECTS)

Guidelines on Module selection

During the first year of study students can select up to 3 modules as follows: Module MBA50 (if they wish to select one module), both modules MBA50 and MBA60 (if they wish to select two), or both modules MBA50 and MBA60 as well as one of MBA51, MBA61 (if they wish to select three).

The Postgraduate Dissertation may be written during the same year with course module MBA51 or MBA61.

The maximum number of ECTS signed up per year for full-time Modules/Postgraduate Dissertation cannot exceed 60 ECTS.

Thus, the program can be completed in two academic years.

The Postgraduate Dissertation can be defended only upon the completion of all four Modules of the program.

In order to be awarded with a master’s degree, students must successfully complete four (4) Modules and write up and successfully defend a Postgraduate Dissertation.

Re-evaluation

DIRECTOR OF THE PROGRAMME OF STUDIES

Athanasios Michiotis, Professor
Subject: Business and Organizational Management

e-mail: mihiotis@eap.gr

COORDINATORS:

ΜΒΑ50 LIARGOVAS PANAYIOTIS

ΜΒΑ51 ARTIKIS PANAYIOTIS

ΜΒΑ60 NTEGIANNAKIS STAVROS

ΜΒΑ61 MICHIOTIS ATHANASIOS

Financial contribution for admitted students until the academic year 2023-2024:

The financial contribution for students to the Programme is as follows: The cost of each Module is €650 and the cost of the Master Thesis is €650.

The total financial contribution for the Programme is: €3.250.